Business Segment Information (Tables)

12 Months Ended

May 31, 2023

Business Segment Information

Schedule of selected financial information for each reportable segment

	For the Year Ended May 31,
	2023		2022		2021
Net sales:
Aviation Services	$	1,898.7	$	1,745.8	$	1,553.7
Expeditionary Services		91.8		74.2		98.6
	$	1,990.5	$	1,820.0	$	1,652.3

	For the Year Ended May 31,
	2023		2022		2021
Gross profit:
Aviation Services	$	355.1	$	297.5	$	263.2
Expeditionary Services		15.0		15.7		12.7
	$	370.1	$	313.2	$	275.9

	May 31,
	2023		2022
Total assets:
Aviation Services	$	1,617.1	$	1,367.3
Expeditionary Services		67.0		74.8
Corporate and discontinued operations		149.0		131.8
	$	1,833.1	$	1,573.9

	For the Year Ended May 31,
	2023		2022		2021
Capital expenditures:
Aviation Services	$	23.0	$	16.2	$	8.1
Expeditionary Services		6.1		1.0		3.1
Corporate		0.4		0.1		0.1
	$	29.5	$	17.3	$	11.3

	For the Year Ended May 31,
	2023		2022		2021
Depreciation and amortization:1
Aviation Services	$	25.7	$	31.2	$	33.7
Expeditionary Services		1.5		1.6		2.3
Corporate		14.2		8.5		9.5
	$	41.4	$	41.3	$	45.5

1 Includes amortization of stock-based compensation.

Schedule of reconciliation of segment gross profit to income from continuing operations before provision for income taxes

	For the Year Ended May 31,
	2023		2022		2021
Segment gross profit	$	370.1	$	313.2	$	275.9
Provision for credit losses		(2.6)		(1.2)		(8.5)
Selling, general and administrative		(230.4)		(202.2)		(182.4)
Earnings (Loss) from joint ventures		(3.2)		(2.9)		0.2
Losses related to sale and exit of business		(0.7)		(1.7)		(20.2)
Other income (expenses), net		(0.8)		2.2		4.3
Interest expense		(12.2)		(2.4)		(5.0)
Interest income		1.0		0.1		0.2
Income from continuing operations before provision for income taxes	$	121.2	$	105.1	$	64.5

Schedule of sales across the major customer markets for each of our reportable segments

	For the Year Ended May 31,
	2023		2022		2021
Aviation Services:
Commercial	$	1,320.5	$	1,081.6	$	793.9
Government and defense		578.2		664.2		759.8
	$	1,898.7	$	1,745.8	$	1,553.7
Expeditionary Services:
Commercial	$	8.3	$	2.2	$	12.5
Government and defense		83.5		72.0		86.1
	$	91.8	$	74.2	$	98.6

Schedule of sales to the U.S. department of defense, other U.S. government agencies and their contractors by segment

	For the Year Ended May 31,
	2023			2022			2021
Aviation Services	$	499.7		$	557.4		$	657.0
Expeditionary Services		77.3			62.6			81.8
	$	577.0		$	620.0		$	738.8
Percentage of total sales		29.0	%		34.1	%		44.7	%

Schedule of sales by type of product/service

	For the Year Ended May 31,
	2023		2022		2021
Aviation supply chain	$	1,365.3	$	1,275.1	$	1,172.7
Maintenance, repair and overhaul services		533.4		470.7		381.0
Mobility products		91.8		74.2		98.6
	$	1,990.5	$	1,820.0	$	1,652.3

Schedule of sales by geographic data

	For the Year Ended May 31,
	2023		2022		2021
Aviation Services:
North America	$	1,443.5	$	1,346.2	$	1,255.7
Europe/Africa		267.4		223.7		207.5
Other		187.8		175.9		90.5
	$	1,898.7	$	1,745.8	$	1,553.7
Expeditionary Services:
North America	$	89.6	$	74.0	$	95.9
Other		2.2		0.2		2.7
	$	91.8	$	74.2	$	98.6

	May 31,
	2023		2022
Long-lived assets:
United States	$	559.9	$	400.4
Europe		78.5		74.3
Other		96.8		92.0
	$	735.2	$	566.7